(i) Based on the circular flow of income analysis, explain why marginal propensity to consumer plus marginal propensity to save equals one. (5 marks) What is […]
From the references described in the module, and the suggested resources for the course, choose an article that deals with a country’s income as a determinant […]
The demand and supply schedules for carrots in a certain market are given below: Price per ton (Sh „000‟) Quantity demanded per month (Thousands of tons) […]
In a certain economy the marginal propensity to save is 0.2 and the autonomous consumption equals 400. i. Formulate the consumption function. (5 marks) ii. If […]
One of the key difference between non-profit making and commercial organizations is that they have different reasons for their existence. Consequently, non-profit making organizations follow some […]